subject: You've Heard the Commercial Real Estate Gurus Talk - But Do They Have the Answers? [print this page] You've Heard the Commercial Real Estate Gurus Talk - But Do They Have the Answers?
Do you need to find passive income ideas to meet your income needs so you can retire early, (or maybe just make sure you have a retirement at all)?
It's interesting to be a beginner in real estate investing right now. A lot of the guys who used to sell you information on making money with single family home investments are now switching gears and talking about commercial real estate investing - its' the new "hot thing." While it may be true that a lot of "terms" deals are not feasible now due to so many home owners being upside down and in negative cash flow situations on their houses, but if you know short sales, rehabs or can buy REO's at a discount, there's still plenty of money to be made in the residential investing sector.
As an experienced commercial investor myself, I know it makes sense to invest in your real estate education, but it's a real challenge to know who's real estate investing information, courses and seminars are valuable, and whose are a bunch of hooey.
There are plenty of people out there teaching investing strategies that seem to be more about selling the product than actually implementing any of their techniques. There are plenty of them out there, I could never hope to name them all. What this means to me, is that when you find someone who is honest and has integrity - a sheep among wolves - it's good to hang on to their name.
Good Commercial Real Estate Investing Information
They're not selling commercial real estate courses, but these guys are giving away a ton of free information on how they got started with commercial real estate investing as beginners. Check out their blog...This is written by people who actually have done the deals that they talk about.
Outside of commercial property, there's another big thing happening right now in the RE world... short sale investing. This is a great way to build up cash, but it's certainly not a passive income stream. It takes a lot of work to invest in short sales.
Most CRE investing trainers don't tell you this, but there's a little glitch that a lot of people encounter when they try to flip their short sale deals... Most short sale investing seminars and courses don't explain this issue or give you a strategy to work around it.
One guy I work with named Phil has figured out the answer to this problem, though, which is why his information is so valuable. And that's why Phil's students are actually closing deals and selling their properties at closing, despite the slow real estate market across the country. If you decide to work on short sale deals, you'll quickly learn that signing up the deals is easy - Phil tells you how to find leads for FREE.. what's more challenging is negotiating with the banks and reselling the property. Fortunately, Phil has a strategy for dealing with those issues, too.
Whether you decide to go with passive commercial investments or active short sale investments (or both), make sure you know what you're doing before you dive in. Good quality information from someone who is actually DOING it is vital!
These are the techniques that I see working out there right now, I hope you'll take a look at these two sites.
Good luck!
We have made passive income investing in residential and commercial real estate. It can be done if you have a good system. Read our commercial real estate blog to learn more. You can also visit our cash flow site for more information about how to generate cash today so you can afford to buy real estate in the future. Our motto is "Business For Cash Flow and Real Estate For Wealth."
